Delivery service is a key component in the entire e-commerce supply chain as this is where online meets offline. How good the product may be, it should be delivered well in time, may be before the customer expects? To be precise, in this competitive world, perfect delivery services ensure good customer experience. On the contrary, last mile delivery tends to add cost to your bottom line and eats up the thin profit margins in a competitive e-commerce scenario. E-commerce sector has seen a rise of new delivery companies coming up every now and then with the promise of delivery service […]
Warehousing is the vital link in any supply chain and leads to perfect order fulfillment if designed and managed professionally. Multiple processes such as receiving, storage, value added services, cross docking, just in time inventory, shipping and cold chain activities are performed under a warehouse. When building and managing a warehouse; businesses always encounter questions hovering around storage structure, inventory management, resource planning and so on.
Proper solutions to these concerns make your warehousing operation delightful, which leads to better, organized processes, and consequently enhance productivity. Established and experienced 3PL service providers know their warehousing network in and out and […]
GST is one of the biggest tax reforms since independence. GST will subsume almost all the indirect taxes levied by state and central government and will make a significant impact across industries.
The government has proposed four tax slabs at 5%, 12%, 18% & 28 % for a different type of items and services. The impact of GST on retail sector is going to be positive as it will bring down total indirect taxes, increase supply chain efficiency and facilitate seamless input tax credit. After implementation of GST, state boundaries will be irrelevant from taxation and documentation point of view. Vanishing […]
In India, there has been no uniform and easy to implement taxation policy in place across various supply chains. Consequently, the distribution as well as warehousing strategies are tax oriented which restricts effective utilization of available resources. As we have seen, companies build warehouses in each state to evade taxes which actually is not a good practice as far as logistics efficiency is concerned. And even the existing warehousing infrastructure is still unorganized. But with GST coming to the fore and because of its simplified and uniform approach, there is surely going to be a more positive impact of GST on […]
Taxation system has a significant impact on supply chain design of organizations. At present, the logistics decisions are taken based on the taxation system rather than to optimize the operational efficiency. Organizations prefer to have warehouses in each state where it is doing business. In such a scenario, the interstate movement of goods is considered as internal stock transfer and hence CST is not levied. This arrangement has led to an inefficient network of warehouse adding additional cost on the balance sheet of companies.
It is important for companies to understand the GST implications on supply chain and reassess whether their […]
Green Supply Chain Management is about integrating an innovative and environmentally friendly approach while designing the supply chain process. In conventional supply chains across industries, we all have been observing rising concern on the climate shift and increasing pressure on the companies to reduce the carbon footprints.
In their endeavor to make the supply chain greener, companies primarily focus on the transportation mode of the product whereas packaging is generally a less focused area which can help in making the supply chain greener, especially for industrial or automotive vertical. The major challenges faced by companies include in-house skills to design and […]
Designing a warehouse layout seems like a simple task, but it’s quite complex. The design and layout of your warehouse can have a major effect on your operations including productivity, picking time and safety of the facility.
Without the proper layout & design, you will end up facing capacity issues, decreased productivity and storage inadequacies.
The key areas which should be focussed while working on the layout includes the type of commodity, volumes, size of the facility and operational requirement. Also, while designing a warehouse you must keep in mind the future scalability of the business.
There are several principles that can be […]
Do you want to improve your inventory management and accelerate your client deliveries? Are you looking for ways to boost your business profits while reducing costs? In order to increase productivity and profits, you need to ensure that your supply chain runs smoothly. When your supply chain is performing at peak efficiency, you can be sure of shorter processing times, reduced spoilage and significant cost savings. Below are 6 best practices to streamline your supply chain management and stay profitable:
Implement an Effective Distribution Strategy
Having end-to-end visibility into the distribution network facilitates constant tracking of product distribution. A solid distribution […]
With the rise in technology, supply chain operations have gone through a lot of advancements. As warehousing is an important component of all supply chains, we have noticed changes in the ways of carrying out warehousing operations. There is no doubt that better warehouse technology can be of greater help in the proficient management of warehouses. Research firm Gartner states that by 2020, there will be a sharp increment of 66% in the number of warehouses proceeding towards a setup of effective warehouse technology.
Experts recommend usage of warehouse technology which will enhance throughput, reduce product damage, improve inventory control, enhance […]
Warehouse forms a very critical link in the supply chain of any organization and plays a pivotal role in matching demand with supply. Efficient warehousing practices help in achieving maximum order fulfillment at the lowest possible cost. Thus, using best warehousing practices are mandatory to transform the warehousing operations which can result in a reduction of cycle time, better inventory management, improved safety standards, lower costs etc. Most importantly, it improves customer service, increases order fulfillment rates and eventually adds more value to the overall supply chain.
Warehouse operations are widely divided into two parts – Storage and Material handling. The […]
Warehouse forms an integral link in the supply chain network, their operational efficiency thus becomes an important factor to consider in the short-term as well as long run. Warehouse operational efficiency metrics may range from internal KPIs, supplier KPIs as well as customer KPIs. For these key components, there is a continuous need to monitor, measure and analyze data so that the processes can be continuously improved. While doing so, at times, some very basic but effective steps are lost in the background, which can have a direct impact on the efficiency. We would like to share 7 key steps […]
Supply Chain Management process plays a huge significance in running key operations for almost every organization. Without a successful supply chain, processes could halt at the floor level and ultimately bring down the results. For so many decades, supply chains have gone through a journey of their own from being so simple to recently developed algorithm based ones. With ever-evolving supply chain concepts, supply chain management process has become a dedicated function. Supply chain managers are given the responsibility to ensure that supply chain, be it external or internal, is efficient and cost-effective both. But another question that comes up […]